Reid

More and more investors are expressing concern that US stocks are overvalued, which may result in a major bear market – characterized by falling prices and widespread pessimism, Nobel laureate in economics Robert Shiller told the FT.

Crikey. Wow. You mean after around – let’s see, 2015-2008 = 7 – years of der – using the balance sheet to run share buybacks so the share price looked good so the execs got their bonuses…

You mean after 7 years of that, the Nobel laureate in economics, gasp, concludes major shit is – farken hell – coming down the pipe?

Wow.

Who the fuck woulda possibli thunk?

No wonder the dude has a Nobel prize in economics.

To detect the above actions would cause a massive shit storm sometime in the future, is just sheer genius to the Nth degree. I mean we all know the definition of genius is not that one is brighter necessarily but that one sees things that others don’t see. But faaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaark.

Seeing that?

From the teeny weeny clue that the balance sheets were canabilising themselves and therefore according to laws of nature this was wrong and might not work out so well, in the longer term?

Wow.

No wonder all the financial journalists missed it and the only ones who picked it up back in 2009 were those conspiwacy weirdos who don’t know shit about nothing.

nasska

France has suffered the worst deterioration of any major country in the developed world, with total non-financial debt levels spiraling upwards by 75 percentage points to 291 per cent, overtaking Britain at 269 per cent for the first time in decades.

The concern is what will happen as the Fed prepares to raise interest rates for the first time since 2006, perhaps as soon as this week.

Debt ratios have reached extreme levels across all major regions of the global economy, leaving the financial system acutely vulnerable to monetary tightening by the US Federal Reserve, the world’s top financial watchdog has warned.

The Bank for International Settlements (BIS) said the wild market ructions of recent weeks and capital outflows from China are warning signs that the massive build-up in credit is coming back to haunt, compounded by worries that policymakers may be struggling to control events.

“We are not seeing isolated tremors, but the release of pressure that has gradually accumulated over the years along major fault lines,” said Claudio Borio, the bank’s chief economist.

Nostradamus

Reid:

Why you [Nasska] defend the stoopid sheeple all the time, I have no idea.

Nasska is a paid-up member of the Sheeple Conspiracy Alliance; Johnboy is the honorary chairman. His job is to monitor the blogs and run interference whenever a member of the Conspiracy Theory Alliance (of which you seem to be a paid-up member) try and spread the truth about the false conspiracy of the day.

The coroner’s suggestion that the shooting of David Cerven in Myers Park last month may have been self-inflicted has been praised by Police Association boss Greg O’Connor.

In a minute released to lawyer and blogger Graeme Edgeler on Friday, Coroner Katharine Greig confirmed that Slovakian national Cerven, 21, was unarmed when he was gunned down by two armed officers in Central Auckland on August 2.

Key points made available by Coroner Katharine Greig:

• That Cerven was shot by police officers in Myers Park, Central Auckland on August 2, 2015.
• That Cerven died as a result of the injuries he sustained when shot.
•That prior to being shot, Cerven had told attending police he was armed.
• That after being shot, David Cerven was found to be unarmed. No weapon was found at the scene.
• That there is currently reasonable cause to believe the death was self-inflicted, though this is In no way a concluded view on the matter.

Ms Greig said it was “currently reasonable cause to believe the death was self-inflicted, though this is in no way a concluded view on the matter.” She also noted that before being shot, Cerven had told police he was armed.

Police Association head Greg O’Connor said cases of suicide by cop were often suspected, but difficult to prove.

Fatal shootings took their toll on the officers involved as well as the victim’s loved ones, he said.

“The unfortunate thing about suicide by police is that it actually does involve other people. It’s like the train driver when people jump on the tracks – it is very traumatic for those involved.
====================================
That might be one interpretation. But, like trained and skilled journalists those doing the shooting are, we are told, trained and skilled.
Sooner they have to wear Gopro’s the better. Especially in Auckland as it seems they have a gun problem there.
Even in Tauranga they are out with their armory at the slightest hint of higher pay.

Nostradamus

To those who study such arcana, it is an article of faith that you cannot hope to win a general election without securing the hearts, minds, gut feelings, and wallets of Middle England—that nebulous but sacred zone which, with its touch of Tolkien, refers to the millions of citizens who have acquired the hobbit-y habits of moderation, and who, having done O.K., would like to do better still.

To them, the nineteen-seventies are not a paradise lost but a wrecking yard where British industry went to die, and where Labour governments got snarled in the machinery of the unions. It was the epoch when the lights went out, when garbage was stacked in the streets, and when the I.R.A. planted bombs in English pubs. And who was it, such folk may now remind each other, who invited Sinn Féin—assumed, at the time, to be the public face of the I.R.A.—to the House of Commons, only weeks after a bomb, intended for Mrs. Thatcher, had exploded at a hotel during the Conservative Party conference and killed five people? Jeremy Corbyn.http://www.newyorker.com/news/news-desk/the-corbyn-supremacy

I’ve previously quoted some quite-inspiring Key lines from a speech just before the 2008 election.

I came into politics because I believed New Zealand was underperforming economically as a country. I don’t think it’s good enough that so many New Zealanders feel forced to leave our country each year to seek higher wages in Australia. I don’t think it’s good enough that our average incomes lag so far behind the rest of the world. And I think it’s unforgivable that the Labour Party has done so little to address these fundamental challenges.

I believe that a very big step change is needed in our economic performance to ensure New Zealand can make the most of its considerable potential. Growing the economy of this country continues to be my driving ambition. I stand before you today ready to deliver on that ambition for New Zealand.

You have my personal commitment that if I am elected Prime Minister in eight days’ time I will work tirelessly over the next three years to deliver the stronger economic future our country deserves.

That commitment was made just before the Prime Minister was elected. A year later, in its first report in late 2009, the 2025 Taskforce, established (and then abolished) by the current government included on one of its front pages another aspirational quote from John Key, now well-established as Prime Minister.. The quote the 2025 Taskforce used (from the SST of 8 Nov 2009) was “Our vision is to close the gap with Australia by 2025”

Fine words, but there has been almost no action.

Fine words, but with no tangible results. New Zealand has made no progress in closing gaps with Australia over the seven years John Key has been Prime Minister – not on GDP per capita, not on national income per capita, and not on productivity either. If anything, we’ve drifted further backwards. I put lots of charts in this post last week, but here are just a few reminders:

mikenmild

I grabbed a piece of paper from my bedside table and starting trying to jot down on the back of the envelope the “very significant economic reforms” in New Zealand over the last seven years.
It was a short list. I couldn’t think of any.

But, mostly, the story is just about the failure to do anything much.

It feels like National has convinced itself, and many of its supporters, that it has done the most it can do given the political constraints it faces: that this is the best of all possible worlds.

stigie

“I know who is fucking pathetic. Get treatment you insane cretin”!

Its ok Mad Dad, the Kiwiblog community is helping Big Bruv with his fasination, just the same as we can help you with any angry rants that my be holding you back from coming a fair and decent person ole chap !~

Awww C-mon

Starboring you use very modern language for someone who flew choppers in Nam, the chopper wasn’t the oft flown PS2 by Sony was it? Or perhaps you are used to a younger culture and commentary due to all the young ladyboys you shag in Thailand (or was that Hagley park)

nasska

Awww C-mon

BB I can help with the issue you are facing with all this wall to wall AB’s coverage

1/ crawl into Starborings shithole in Thailand (whatever) and shag (wank) yourself crazy for 3-4 months
2/ suicide by cop is popular right now
3/ fly to Chch and tell dad4hernia your thoughts about Richie and see what he learnt from an old friend
4/ keep it too yourself cause it’s becoming very boring and soon you’ll be compared to Denis the poet ( worst fate lasted so far )
5/ suck it up and enjoy the rugby!

Just to help with your preparation, 6 weeks of rugby then 6-8 weeks of either celebration or commiseration depending on the ABs results, you got this shit right through Christmas old chap!! ?

Awww C-mon

Guess who said this? (view the video to find out – or see the answer below)

“The betrayal of [Kevin Rudd] as leader of [the Labour] party was one of the most shocking events I have ever witnessed, and I would think any of us have ever witnessed, in politics—the scale of it. The idea that the man who had won, in this presidential campaign, an election against John Howard was then going to be disposed of, discarded like another course on a lazy Susan in a Vietnamese restaurant—the cruelty of it was extraordinary!”

stephieboy

From the Palin video with her been delivered from witchcraft and of course Jesus blessing her political fund raising .

“Calling yourself a Christian is a very American thing to do. Going to church and socializing is healthy and leads to longer life. However, truly believing any of that spiritual or demonic foolishness is ignorance. Adam, Eve, the garden of Eden, talking donkeys, talking snakes, Noah’s Ark, Moses parting a body of water… None of that ever happened. Call yourself whatever you prefer, but just know every religion is based on made up stories.

“The only person who is a worse liar than a faith healer is his patient.” — Abraham Lincoln

Jack5

Re Milkey at 9.11

I’m not really sure whether Blackman should be in prison, Jack, but there is little doubt he committed murder.

That’s your opinion, Milkey. And to be consistent you would have to also conclude hundreds, thousands of NZ soldiers have committed murder in wars. And that millions of Allied and enemy ordinary soldiers committed murder during war.

Before you raise the question of those killed being unarmed, you need to consider the actions raised before of Takrouna, the Minqar Qaim breakout, perhaps the 48 Japanese p.o.w.’s killed at Featherston. And to be consistent you would have to conclude the airmen of Bomber Command who killed 42,600 civilians in the July 1943 air raid committed murder. I wouldn’t regard these actions as murder, even if, IMHO, wrong.

You sound to me to be a pacifist if you would call Sergeant Blackman a murderer for his act during the long and bitter fighting he endured.

Pacifism is dangerously Utopian, IMHO, as it would ultimately lead to democracies being subdued by totalitarian states, or perhaps by evil movements like ISIL.

mikenmild

I would not describe any of those cases as murder, without specific evidence. Aerial bombardment is not regarded as a war crime, within certain limits. I cannot exclude the possibility of battlefield murder being committed at other times; but that does not mean the conduct now that violates the law of armed conflict should be ignored.

Sergeant Blackman was engaged in lawful combat but then committed an illegal act, of which he was fully aware, as shown by his comments that he had violated the Geneva Conventions and everyone should keep quiet about it.

I am not a pacifist, BTW. Even if I was, how would that invalidate my argument?

stephieboy

Jack 5, claims, c claims and more claims. Yes there could well be ISIS infiltrators . That is undeniable but still there” could” be as opposed factually there been so
.
At the moment we really don’t know and it’s very easy one to speculate about.Until then we just hope that German security intelligence and police are up to to the task which am sure they are .

Jack5

Milky at 9.47:

I am not a pacifist, BTW. Even if I was, how would that invalidate my argument?

It would not necessarily invalidate it, but it would explain it, Milky.

Sergeant Blackman was a Royal Marine commando. Do you think they were trained and always, or even usually, took prisoners, for example, in their World War 2 raids? Isn’t that why Hitler regarded them as war criminals and instructed that they weren’t to be taken prisoner. The terms of the Geneva Convention were not to be extended to commandos. The Taleban didn’t extend the Geneva Convention to them, either.

The campaign for justice for Blackman is going to pick up strength, Milky.

Jack5

KevinH

Sergeant Blackman was experiencing a form of post traumatic stress when he killed the Taliban fighter, a condition brought on from being exposed to combat action, where rational behaviour is distorted by the often horrific and brutal realities of war. In his defence I would argue that he had been conditioned by combat to kill or be killed and his actions were reactive and not premeditated. He was a soldier doing his job.

So our nanny statist, interfering Govt. thinks its Ok to trample on a private persons/companies proerty rights.Well sometimes it does and sometimes it doesn’t depending on, well who you are?,perhaps, what you are selling,perhaps.

In the last few days they ruled out “saving” Silver Fern farms that has been broke forever and essentially promoted a change of shareholders but it now appears that Aa Private profitable company with a long stewardship of a farm in not allowed to sell its shareholding.
————————

Government ministers Paula Bennett and Louise Upston have turned down a $71 million bid by Chinese billionaire Jiang Zhaobai’s flagship firm to buy the Lochinver Station.

The ministers are expected to announce their move publicly in the near future. Ms Bennett is the Associate Finance Minister and Ms Upston the Minister of Land Information.

Because the farm near Taupo was set to change to foreign ownership, the application to the Overseas Investment Office (OIO) for approval had to show that the new owner could add more value to the assets than a hypothetical local buyer.

It is understood the ministers have rejected the application on this issue.